CORACO is a furniture maker in Aarschot. Public Limited, started on 21 March 1979, 1 establishment.

What is the address of CORACO?

The registered office of CORACO is located at Gaston Geenslaan 13, 3200 Aarschot.

Is CORACO still active?

No. The CBE lists CORACO with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is CORACO registered on Peppol?

Yes, CORACO is registered on the Peppol network with ID 0208:0419296653.

What is the enterprise number of CORACO?

The enterprise number of CORACO is BE0419296653.

When was CORACO founded?

CORACO was founded on 21 March 1979.

Who are the directors of CORACO?

According to the 2024 annual accounts, the directors of CORACO are: Vrancken Bedrijfsbeheer BV, Management Michiel Schellekens BV, Neefs Business Projects BV.

Is CORACO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 21 March 1979; 3 annual accounts filed, latest fiscal year 2024; 3 directors known from the annual account.

How much profit did CORACO make in 2024?

CORACO posted a profit after taxes of € 140,949 in financial year 2024.

What is the revenue of CORACO?

In its most recent annual accounts (2024), CORACO reported revenue of € 10,884,195.

How much does an employee at CORACO earn?

The average wage cost per full-time employee at CORACO was € 51,500 in 2024: staff costs of € 2.1 million for 40.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CORACO have?

According to the 2024 annual accounts, CORACO has 40.9 full-time equivalents (FTE).

CORACO (Public Limited) - Aarschot - BE0419296653

Dossier CORACO, printed on 29 October 2026 from databakkes.be/en/0419296653/coraco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 3 of the last 3 fiscal years.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2024

CORACO from Aarschot, company number BE0419296653, closed financial year 2024 with a result of € 140,949 after tax. For that financial year CORACO recorded revenue of € 10.9 million and equity of € -1.2 million. Compared with financial year 2023, the result moved from € 313,769 to € 140,949. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2025.

What it is worth Caution

€ -1.2 million

▲ € 140,949 vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 140,949

▼ 55% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 179,733

▲ 292% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € -3.8 million.

People and assets in 2024

Full-time equivalents

40.9

▲ 0.6 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.9 million in 2024, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.1 million

▼ 38% vs 2023

€ 51,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 24,740

▲ 2% vs 2023

Of which on lease € 172.

Debts at end 2024

Bank debt ≈ 1804 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 3.6 million

€ 1,220 is repaid this year. At this pace the long-term loan is gone in ≈ 1804 years.

Owed to suppliers

€ 1.9 million

▼ 31% vs 2023

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.

Taxes and wages

€ 259,026

▲ 43% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2023	2024	Change 2023 → 2024
Revenue	€ 11,742,782 Revenue 2021: € 11,742,782 First fiscal year in the series	€ 20,757,426 Revenue 2023: € 20,757,426 ▲ 77% vs 2021 (€ 11,742,782) Favourable step	€ 10,884,195 Revenue 2024: € 10,884,195 ▼ 48% vs 2023 (€ 20,757,426) Unfavourable step	▼ 48%
Profit after taxes	€ 150,157 Profit after taxes 2021: € 150,157 First fiscal year in the series	€ 313,769 Profit after taxes 2023: € 313,769 ▲ 109% vs 2021 (€ 150,157) Favourable step	€ 140,949 Profit after taxes 2024: € 140,949 ▼ 55% vs 2023 (€ 313,769) Unfavourable step	▼ 55%
Equity	€ -1,604,953 Equity 2021: € -1,604,953 First fiscal year in the series	€ -1,291,185 Equity 2023: € -1,291,185 ▲ € 313,769 vs 2021 (€ -1,604,953) Favourable step	€ -1,150,236 Equity 2024: € -1,150,236 ▲ € 140,949 vs 2023 (€ -1,291,185) Favourable step	▲ € 140,949
Total debts	€ 7,432,136 Total debts 2021: € 7,432,136 First fiscal year in the series	€ 7,955,360 Total debts 2023: € 7,955,360 ▲ 7% vs 2021 (€ 7,432,136) Unfavourable step	€ 7,504,189 Total debts 2024: € 7,504,189 ▼ 6% vs 2023 (€ 7,955,360) Favourable step	▼ 6%
Cash	€ 116,496 Cash 2021: € 116,496 First fiscal year in the series	€ 45,810 Cash 2023: € 45,810 ▼ 61% vs 2021 (€ 116,496) Unfavourable step	€ 179,733 Cash 2024: € 179,733 ▲ 292% vs 2023 (€ 45,810) Favourable step	▲ 292%
Land & buildings	€ 675,000 Land & buildings 2021: € 675,000 First fiscal year in the series	€ 675,000 Land & buildings 2023: € 675,000 Unchanged (€ 675,000) Unchanged	€ 675,000 Land & buildings 2024: € 675,000 Unchanged (€ 675,000) Unchanged
Retained profit	€ -4,286,825 Retained profit 2021: € -4,286,825 First fiscal year in the series	€ -3,973,057 Retained profit 2023: € -3,973,057 ▲ € 313,769 vs 2021 (€ -4,286,825) Favourable step	€ -3,832,108 Retained profit 2024: € -3,832,108 ▲ € 140,949 vs 2023 (€ -3,973,057) Favourable step	▲ € 140,949
Bank debt	€ 2,968,509 Bank debt 2021: € 2,968,509 First fiscal year in the series	€ 3,549,321 Bank debt 2023: € 3,549,321 ▲ 20% vs 2021 (€ 2,968,509) Unfavourable step	€ 3,553,879 Bank debt 2024: € 3,553,879 Unchanged (€ 3,549,321) Unfavourable step
Balance sheet total	€ 5,827,183 Balance sheet total 2021: € 5,827,183 First fiscal year in the series	€ 6,664,175 Balance sheet total 2023: € 6,664,175 ▲ 14% vs 2021 (€ 5,827,183) Unchanged	€ 6,353,953 Balance sheet total 2024: € 6,353,953 ▼ 5% vs 2023 (€ 6,664,175) Unchanged	▼ 5%
Employees (FTE)	42 Employees (FTE) 2021: 42 First fiscal year in the series	40.3 Employees (FTE) 2023: 40.3 ▼ 1.7 vs 2021 (42) Unchanged	40.9 Employees (FTE) 2024: 40.9 ▲ 0.6 vs 2023 (40.3) Unchanged	▲ 0.6

Key figures of CORACO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 April 2026.

What happened to CORACO?

What happened at CORACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

CORACO is active according to the CBE. Legal situation: Opening faillissement.

2028 Vrancken Bedrijfsbeheer BV stepped down as director. NBB
2028 Neefs Business Projects BV stepped down as director. NBB
Jun 23, 2025 New annual accounts for financial year 2024: profit of € 140,949 (▼ 55% vs 2023). filed late Source: NBB ↗
2024 Management Michiel Schellekens BV stepped down as director. NBB
2022 Vrancken Bedrijfsbeheer BV became a director. NBB
2022 Management Michiel Schellekens BV became a director. NBB
2022 Neefs Business Projects BV became a director. NBB
Apr 15, 1979 New establishment in Aarschot. KBO

In short

From € 150,157 profit in 2021 to € 140,949 profit in 2024.

Paid € 1,837 in corporate taxes since 2021.

Best year ever: 2023, with € 313,769 profit.

Pays suppliers within 81 days on average.

Original PDFs at the National Bank ↗

Management

DCA 100%

The stake of DCA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

CORACO

The shares are held by DCA (100%).

Directors

According to the 2024 annual accounts

Vrancken Bedrijfsbeheer BV

Director · represented by Franciscus Vrancken

Also active at: POORT VAN EMBLEM, DCA, DC Recycling, EUROCON INVESTMENTS, DCA INFRA, Immo & Sport Invest, DCA WOONPROJECTEN

since 2022 · until 2028

Management Michiel Schellekens BV

Managing director · represented by Michiel Schellekens

Also active at: DCA, DC Recycling, DCA INFRA

since 2022 · until 2024

Neefs Business Projects BV

Director · represented by Luc Neefs

Also active at: DCA, DC Recycling, EUROCON INVESTMENTS, DCA INFRA, Eurocon Infra, DCA WOONPROJECTEN

since 2022 · until 2028

Shareholders

DCA

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Gaston Geenslaan 13

3200 Aarschot

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0419.296.653

VAT number

BE 0419.296.653

Registered office

Gaston Geenslaan 13, 3200 Aarschot

Names & denominations

CORACO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Opening faillissement

Start date

21 March 1979

Peppol

Active · Active since 25 Sept 2026

Activities · NACE

Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen

Vervaardiging van eetkamer-, zitkamer- en slaapkamermeubelen

Vervaardiging van ander schrijn- en timmerwerk

View on CBE Public ↗ Annual accounts (NBB) ↗

CORACO

Warning lights

Financials

What happened to CORACO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions